Morally correct ceremony for broadcast (5)
I believe the answer is:
right
'morally correct' is the definition.
(I've seen this before)
'ceremony for broadcast' is the wordplay.
'ceremony' becomes 'rite' (rite is a kind of ceremony).
'for broadcast' indicates a 'sounds like' (homophone) clue.
'rite' is a homophone of 'RIGHT'.
(Other definitions for right that I've seen before include "Equitable" , "Just - correct - title" , "Genuine" , "Morally good; rectify" , "Authority - one hand" .)